SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
- --------------------------------------------------
:
In the Matter of :
:
CSW COMMUNICATIONS, INC. : CERTIFICATE
:
CENTRAL AND SOUTH WEST CORPORATION : OF
:
File No. 70-8199 : NOTIFICATION
:
(Public Utility Holding Company Act of 1935) :
- --------------------------------------------------:
This report is filed under Rule 24 of the Public Utility Holding Company Act
of 1935 by CSW Communications, Inc. (CSW Communications) a subsidiary of Central
and South West Corporation (CSW) authorized to operate as a limited-purpose
communications company. Under HCAR 35-26061 dated June 3, 1994, it is required
that CSW Communications file quarterly reports providing: 1) CSW Communications'
Balance Sheet 2) CSW Communications' Statement of Income for the quarter ended
(for the year ended in the case of fourth calendar quarter) 3) a concise
description of bills to and payments by associated companies for such quarter
and 4) a concise description of payments by CapRock Fiber Network, Ltd.
(CapRock) to CSW Communications for such quarter.
1) CSW COMMUNICATIONS' BALANCE SHEET
Refer to Exhibit 1 for CSW Communications' Balance Sheet at June 30, 1996.
2) CSW COMMUNICATIONS' STATEMENT OF INCOME
Refer to Exhibit 2 for CSW Communications' Statement of Income for the
Quarter Ended June 30, 1996.
<PAGE>
3) DESCRIPTION OF BILLS TO AND PAYMENTS BY ASSOCIATED COMPANIES
BILLS TO ASSOCIATED COMPANIES:
Central Power and Light was billed $28,491 during the reporting period for
the reimbursement of operations and maintenance expense.
PAYMENTS BY (RECEIPTS FROM) ASSOCIATED COMPANIES:
Description Amount
- ------------------------------------------------ --------------
Receipts from CPL - Reimbursement of expenses $ (18,994)
Receipts from Corp - Advance (3,960,185)
--------------
Total receipts from Associated Companies $(3,979,179)
==============
4) DESCRIPTION OF PAYMENTS BY CAPROCK TO CSW COMMUNICATIONS
There were no payments by CapRock to CSW Communications
during the reporting period. Currently CapRock is in default of its
obligations under the Fiber System Lease and Option Agreement. The
lease has been terminated.
<PAGE>
S I G N A T U R E
As requested by order of this Commission pursuant to the Public Utility
Holding Company Act of 1935, CSW Communications, Inc. has duly caused this
report to be signed on its behalf on this 27th day
of August 1996.
CSW COMMUNICATIONS, Inc.
/S/ SHIRLEY BRIONES
Shirley Briones
Treasurer
Exhibit 1
CSW COMMUNICATIONS, INC.
BALANCE SHEET
JUNE 30, 1996
Assets
Fiber Optic Equipment and Plant $16,140,128
Intangibles (Net of Accumulated
Amortization) 90,466
Deferred Charges --
Income Tax Benefit Receivable 1,131,533
Other Assets 909,348
============
Total Assets $18,271,475
============
Capitalization and Liabilities
Common Stock $1,000
Retained Earnings (2,704,490)
------------
Total Capitalization (2,703,490)
------------
Advances from Affiliates 19,444,152
Accounts Payable CSWS 684,289
Accrued Interest 88,750
Deferred Income Taxes 662,094
Other Liabilities 95,680
============
Total Capitalization and
Liabilities $18,271,475
============
Exhibit 2
CSW COMMUNICATIONS, INC.
STATEMENT OF INCOME
FOR THE QUARTER ENDED JUNE 30, 1996
Revenue
Fiber Line Lease $18,994
Other Income 31,800
-----------
Total Revenue 50,794
Expenses
Interest Expense 258,417
Amortization 7,695
Income Taxes (515,818)
Deferred Federal Income Taxes 70,731
Administrative and General 1,015,376
Maintenance 8,116
Taxes Other than Income 33,000
-----------
Total Expenses 877,517
-----------
-----------
Net Loss $(826,723)
===========
